Hiring the right person creates savings on the cost of turnover, thus improving your company’s bottom line. Avoiding the wrong hires protects the bottom line by keeping your workplace safe and positive and minimizes the risks of costly litigation that can come with reckless hiring practices.

According to the Association of Certified Fraud Examiners, the typical business organization loses 5 percent of its revenue to fraud each year. The median loss caused by occupational fraud reported in the ACFE study was $150,000, with at least a million-dollar loss reported by more than one-fifth of the businesses. The perpetrators of these frauds are employees operating at all levels within an organization—not only production workers but management and executive employees.

According to ResumeBuilder.com, 72% of Americans looking for a job admitted to lying on their resume.

Applicants tended to lie most about Education and Employment:

• Education
  • Degrees
  • Concentration and Enrollments
• Employment
  • Embellishing job title
  • Embellishing job responsibilities
  • Embellishing job-related accolades
  • Claiming to have worked at companies they did not

Don’t take a resume at face value. Let Trace Alert provide you the information necessary to place the most qualified individual. Hiring an unqualified candidate can set your company back by months in training, negatively impact your finances, create an unsafe environment, and even destabilize your company’s foundation.